IMF paper examines factors affecting US wage growth
US labour market changing “more fundamentally” than before, author finds
Structural changes in the US market are affecting wage growth, a working paper published by the International Monetary Fund finds.
In What's Up with US Wage Growth and Job Mobility?, Stephan Danninger explores factors contributing to low average hourly wage growth in the US. Danninger finds there are signs the labour market is changing "more fundamentally" than in the past. He notes the wage-growth Phillips curve appears to have "flattened".
"Declines of unemployment rates at the state level
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